There has been much recent press attention given to the UK’s soaring debts and culture of easy borrowing and use of credit cards. However, the size of these debts is often far out-weighed by the assets many home-owners have `on paper’ locked up in the equity in their homes. With the steady rises in property prices all over the country, the value of your home is probably far greater than the amount you paid for it and almost certainly far higher than the amount you owe to your mortgage company.
Equity release loans have up until recently been thought of as suitable only for those in or nearing retirement however, many companies are now offering re-mortgages for equity release to almost any homeowner for any purpose. This can be an easy and cost effective way to free up the capital from your home and it can also be one of the cheapest ways to borrow money.
It makes sense to review your mortgage arrangements regularly to see if you can save money by getting a better deal and there are many re-mortgages available at very competitive rates. So why not use the opportunity to raise some cash at the same time? You can use the money however you wish – clear debts or take a holiday, or invest in a business or property to provide you with an income for the future.
Click on the links to find out more, or complete an Equity Release Mortgage Enquiry Form and we will arrange for one of our advisers to contact you. Alternatively, call us on 0808 156 2670.
| mortgages news |
|---|
| Buy to let mortgage sector declining - Thu, 28 Aug 2008 |
| House prices continue to fall, according to Nationwide - Thu, 28 Aug 2008 |
| Leeds Build Society lowers the rate on its five-year mortgage - Thu, 28 Aug 2008 |
| More News |